The WHATWG HTML spec can now be considered a “living standard”. It’s more mature than any version of the HTML specification to date, so it made no sense for us to keep referring to it as merely a draft. We will no longer be following the “snapshot” model of spec development, with the occasional “call for comments”, “call for implementations”, and so forth.
Behold, HTML’s living specification. The w3c is still looking to publish a “snapshot” of HTML5.